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Estate Administration

Administering someone’s Estate after their death is a highly responsible task which often requires the obtaining of a Grant of Representation.

There are a number of important steps involved in administering an Estate, including:

  • Liaising with HM Revenue & Customs regarding income tax and inheritance tax;
  • Working out the value of the deceased’s assets and liabilities;
  • Finalising the tax affairs of the deceased;
  • Distributing outstanding monies to the beneficiaries of the Estate.

Instructing a solicitor to help with the administration of an Estate provides most people with the reassurance and expertise they need at this time. Personal representatives of an Estate need to act extremely carefully as they can be held personally liable for any loss which is suffered as a result of poor administration.

 

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